HEUSY-ETXEA
ActiveSummary
The computed 12-month bankruptcy probability of HEUSY-ETXEA is 3.9% (moderate). The 2025 annual accounts show negative equity (€-46k) and a net result of €-5k. Equity is shrinking by ~17.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
25
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+3
Solvency13▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.06 in 2024; short-term debt: 112.1% and cash: 7.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.1%
Return on assets
-1.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-46k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
27 d early
2022
31 d early
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-46k▼ 13.4%
2024 · €-41k
2021: €-8k
2022: €-36k
2023: €-34k
2024: €-41k
2021 → 2025
Total assets
€382k▼ 1.0%
2024 · €386k
2021: €331k
2022: €384k
2023: €384k
2024: €386k
2021 → 2025
Net result
€-5k▲ 14.7%
2024 · €-6k
2021: €-33k
2022: €-28k
2023: €2k
2024: €-6k
2021 → 2025
Working capital
€-401k▼ 0.5%
2024 · €-399k
2021: €-318k
2022: €-407k
2023: €-403k
2024: €-399k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€-36k▼ 332%€-34k▲ 4.7%€-41k▼ 18.7%€-46k▼ 13.4%
Operating result€-33k-€-27k▲ 17.9%€2k€2k▼ 29.8%€-510
Net result€-33k-€-28k▲ 16.7%€2k€-6k€-5k▲ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €510 after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382k
Fixed assets
€354k ▼ 2.1%
Current assets
€28k ▲ 15.2%
Key figures and ratios
EBITDA
€7k▼
2024 · €9k
Cash flow
€2k▲
2024 · €1k
Solvency
-12.1%▼
2024 · -10.6%
Current ratio
0.07▲
2024 · 0.06
Debt to equity
-9.25▲
2024 · -10.45
ROA
-1.4%▲
2024 · -1.7%
Interest coverage
1.43▲
2024 · 1.14
Debt
€429k▲
2024 · €427k
Debt ≤ 1 year
€429k▲
2024 · €423k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€386k€382k▼
Fixed assets21/28€362k€354k▼
Tangible fixed assets22/27€362k€354k▼
Land and buildings22€362k€354k▼
Current assets29/58€24k€28k▲
Cash at bank and in hand54/58€24k€28k▲
Deferred charges and accrued income490/1€287€298▲
Equity and liabilities
Total equity and liabilities10/49€386k€382k▼
Equity10/15€-41k€-46k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-66k€-71k▼
Amounts payable17/49€427k€429k▲
Amounts payable within one year42/48€423k€429k▲
Trade debts44€2k€112▼
Suppliers440/4€2k€112▼
Other amounts payable47/48€421k€429k▲
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€11k€9k▼
Operating profit (loss)9901€2k€-510▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€-6k€-5k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-71k▼
Profit (loss) brought forward from the previous period14P€-59k€-66k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Battice 284800 VerviersGround area
1,418 m²
Building footprint
122 m²
Parcel 63059A0324/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HEUSY-ETXEA
since 20212.318.964.350
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0324/00H000 | Wallonia | 1,418 m² | 1 · 121 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.